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if it does not receive the reports, it will mail the Developer a warning within one week of the <br />required filing date. If within 14 days of the post marked date of the warning the repons are not <br />made, the Developer agrees to pay to the City a penalty of $100 for each subsequent day until the <br />report is filed up to a maximum of $1,000. <br /> <br /> (4) The Developer agrees to continue operations of the Project for at least five (5) <br />years after the Benefit Date. <br /> <br /> (5) Other than the Tax Abatements, there are no other state or local government <br />agencies providing financial assistance for the Project other than the City. <br /> <br /> Section 3.9 Duration of Abatement Program. The Tax Abatement Program shall exist <br />for a period of up to twelve years beginning with real estate taxes payable in 2006 through 2017. <br />The City shall apply the Tax Abatements received by the City to reimburse itself for the cost of <br />the Tax Abatement Property. <br /> <br />1623869v I 8 <br /> <br /> <br />